Bill Summary for H 996 (2025-2026)
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Summary date:
Apr 11 2025
Bill Information:
| View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO REDUCE THE INCREASE IN THE STATE GENERAL FUND OPERATING BUDGET BY REDUCING THE STATUTORY CAP ON THE OPERATING BUDGET AS A PERCENTAGE OF TOTAL STATE PERSONAL INCOME TO SIX PERCENT.Intro. by Riddell, Schietzelt, Pickett, Brody.
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Bill summary
Amends GS 143C-4-6 to lower the cap on the General Fund operating budget each fiscal year from 7% to 6% of the projected total State personal income for that fiscal year. Adds new GS 143C-4-6(a1) to provide that funds in excess of the budget size limitation may be expended upon a two-thirds vote of the members of the Senate and House present and voting. Effective July 1, 2025, and applicable to budgets adopted on or after that date.